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Jean Brochet uses an automobile in his unincorporated business It cost $53000 in 2014 with maximum CCA being deducted in that year The purchase was financed with a bank loan of $37000 For 2015 the

Jean Brochet uses an automobile in his unincorporated business It cost $53,000 in 2014, with maximum CCA being deducted in that year The purchase was financed with a bank loan of $37,000 For 2015, the interest on this loan was $4,440 The automobile is used exclusively for business purposes, with the 2015 operating costs totaling $7,500 In determining his 2015 business income, his maximum automobile related deduction will be:

 

Apr 29 2020 View more View Less

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